Comparative Analysis of HML, VED and FSN in Material Management in Residential Project

The cost of construction materials has increased significantly in recent years and accounts for about 50 % to 60 % of total project cost. Material management has been important aspect since long back and will be crucial as long as construction sector runs.Research finding shows that strict control over material management technique can increase overall efficiency of the project, this adds to substantial savings and increase profit margin of the firms. This paper aims to study inventory control techniques which includes High Medium Low (HML), Vital Essential Desirable (VED) and Fast-moving materials Slow-moving materials Non moving materials (FSN). Study was accomplished through literature reviews, discussion with contractors, site engineers, supervisors and by observations on a residential construction project. Implementing combination of HML,VED and FSN technique simultaneously on a residential project is advantageous so as to manage material according to classification based on unit price, criticality and consumption rate.